ION - Waterloo Region's Light Rail Transit

[taylortbb]

There is a reason.  The reason is PPP's are a crock and we the public always gets a little screwed.

We get screwed on design details, but they might be working to shift liability onto the private sector.

SNC Lavlin just announced they are going to stop bidding on P3s like this because they were losing money often enough it was dragging down the profitability of the entire company. All of SNC's losses on these projects are money that otherwise would have been paid by governments in traditional models.

Is the trade off a good one is much harder to answer. I'd be willing to accept infrastructure projects occasionally going over budget for better design, but in the current political climate most of the electorate seems likely to prefer avoiding overages.